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cnbc.com
Boeing and Airbus prepare for next narrow-body battle – but airlines aren’t pushing for new jets yet
Boeing and Airbus are preparing their next narrow-body jets, but airlines and investors remain focused on production, deliveries and current aircraft.
theguardian.com
Andy Burnham to cut tax on electricity to ease cost of living - video
The prime minister told his new cabinet in its first meeting that the government will be a 'cost-of-living government' and needs to examine 'all possible ways' to help families struggling with high costs. The new prime minister announced an £850m tax cut on electricity bills in his first significant policy announcement Continue reading...
theguardian.com
‘The explosion is what I remember’: man nearly sucked out of Ryanair plane recounts ordeal
Exclusive: Ljubisa Karović tells Guardian the fact that he lived to tell the tale is nothing short of a miracleIt is the explosion just before he was nearly sucked out of the aircraft that Ljubisa Karović remembers. The thunderous noise of the window shattering that roused him from slumber in seat 11F, his window seat on the early morning Ryanair flight from Greece to Germany.Eleven days and 11 nights later, it remains the prelude “to the chaos, the catastrophe” that keeps him awake at night. Continue reading...
cnbc.com
IRS chief Frank Bisignano dismisses JPMorgan spying allegations
Bisignano denied allegations The Wall Street Journal reported that he surveilled his colleagues while working at JPMorgan more than a decade ago.
theguardian.com
Fiscal hawk or big spender – what kind of chancellor will John Healey be?
Diligent, popular, unexpected pick for the Treasury has been given a straitjacket – and the job of funding PM’s policy promisesUK politics live – latest updatesOn the frequent occasions that John Healey would travel abroad as defence secretary, he was so determined to keep working he would get the crew to tether a desk to the inside of his military aircraft so he could read his papers.His diligence is one reason why Andy Burnham, the new prime minister, made Healey his unexpected pick for chancellor on Monday. Allies say others include their shared commitment to re-industrialisation and devolution. Continue reading...
theguardian.com
Airbus to test folding wings for next generation of bestselling planes
Such technology solves problem of longer, thinner, energy-saving wings not fitting in airports around the worldAirbus has said it will test folding wings for the next generation of its bestselling planes, as the world’s largest planemaker races to work out the shape of future commercial aircraft by the end of the decade.Longer, thinner wings made of light but strong composite materials offer the promise of energy savings but present a problem for manufacturers because they will not fit in airports around the world, many of which are already at or near full capacity. Continue reading...
cnbc.com
Treasury yields edge higher as investors map geopolitical risks
U.S. Treasury yields were higher across the curve on Tuesday as investors mapped escalating tensions across the Middle East.
bbc.co.uk
Carney looking at 'all options' as Trump announces 50% tariffs on Canada
The duties mark a major escalation in trade tensions between the North American neighbours.
bbc.co.uk
Trump: 50% tariffs response to Canada's treatment of US farmers
This new round of duties on Canadian goods is fuelling speculation about a potential announcement of new US tariffs on countries across the world.
theguardian.com
Houthis threaten to attack shipping tankers if they use Saudi Arabian ports on Red Sea
Warning to shipping companies, on top of Iran’s chokehold on strait of Hormuz, may severely affect Saudi oil exportsMiddle East crisis live – latest updatesYemen’s Iranian-aligned Houthis have warned shipping companies that their tankers risk being attacked if they use Saudi Arabian ports, as the militia moved quickly to enforce a blockade announced the previous day.The Houthi warning for the Red Sea, coming on top of Iran’s threat to shipping on the other side of the Arabian peninsular in the Gulf, could affect the substantial Saudi oil exports that have so far been unscathed by the months-long conflict and deepen the rapidly escalating crisis in the region. Continue reading...
cnbc.com
Nebius stock surges 17% as Nvidia discloses significant stake in neocloud
Nvidia said it would invest $2 billion into Nebius in March.
theguardian.com
Where will Andy Burnham find the money to fund his spending pledges?
The new PM is already under pressure to explain how he will pay for his ambitious plans to remake BritainAndy Burnham has made lowering the cost of living his first major policy announcement in government, with an immediate tax cut to remove VAT on energy bills.As he begins to flesh out his agenda for government, the prime minister said the measure would provide “breathing space” for households. But Burnham is under close scrutiny over how his plans will be funded. Continue reading...
theguardian.com
Ozempic maker Novo Nordisk sues US rival over ‘materially misleading’ ads
Danish pharma company says Eli Lilly using outdated trial data to make its weight-loss drugs appear more effectiveOzempic maker Novo Nordisk said on Tuesday it is suing arch US rival Eli Lilly over “false and materially misleading” adverts for its competing weight-loss and anti-diabetes treatments.The Danish pharmaceuticals heavyweight complained that the US group – which makes rival weight-loss treatments Zepbound and Mounjaro – “intentionally selected outdated studies” that compared Lilly’s highest doses against lower doses of Novo Nordisk’s medicines. Continue reading...
theguardian.com
Liverpool owner in talks to sell stake to QPR co-owner Amit Bhatia
Bhatia backed by father-in-law Lakshmi MittalMinority stake deal values the club at £4.5bnLiverpool’s owner is in talks over selling a significant minority stake to a consortium led by the Queens Park Rangers co-owner Amit Bhatia and backed by his father-in-law Lakshmi Mittal, the billionaire Indian steel magnate.Fenway Sports Group confirmed in a statement to the Financial Times that it had begun negotiations with a group led by Bhatia over a potential share sale that would value Liverpool at about £4.5bn. Continue reading...
cnbc.com
Bessent says U.S. could sanction China over AI model 'theft'
Chinese open-weight models are gaining steam against leading offerings from American companies like OpenAI and Anthropic.
cnbc.com
GM beats on earnings, raises guidance amid 'resilient' consumer, pricing
GM raised several key earnings forecasts after beating Wall Street's second-quarter expectations as its North American operations continue to drive results.
theguardian.com
Burnham has forced greater clarity at Thames Water. Now he must choose
Bondholders are suddenly showing flexibility after 18 wasted months at ailing utility companyThames Water investors offer ‘golden share’ in bid to head off nationalisationWhat a difference a credible political threat of special administration at Thames Water can make. Suddenly, the bondholders are volunteering all manner of new ideas in their attempt to take over the ailing utility. Would you like the state to have a “golden share”, Mr Burnham? Here is a menu of “supervisory structures” that may meet your definition of “greater public control”. And please note that other “material improvements” to our last offer are on the way. Tell us what you want.The bondholders’ sudden flexibility demonstrates the weakness in the government’s approach under Keir Starmer. The Treasury never hid its preference for a “market-based solution”, in the jargon. The result was a series of weak proposals from the bondholders – starting a year ago with an inadequate 20% haircut for them – that didn’t match the depth of the financial crisis at failing Thames. Now, at last, we may be cutting to the chase. We should have arrived at this point at least 18 months ago. Continue reading...
bbc.co.uk
Union plans rail strikes over train safety concerns
RMT says it has been in dispute with the rail operator since April, following the rollout of the 810 fleet.
theguardian.com
Our streets are full of oversized cars | Brief letters
Carspreading | An interregnum | Served by Thames Water | Manchesterism | Gransplaining | Cold in YorkshireRe “carspreading” (Opinion, 12 July), my wife and I live in a neighbourhood of houses built just before the second world war, and have watched in horror as models of our favoured cars have increased in size. Having chosen to keep our Mini Cooper and VW Polo – both of 2016 vintage – I believe we are the only people in the locality who store both cars in the garage overnight.John PyeSouthampton• A “period between reigns” (Quick crossword, 13 July) is an interregnum, not a regency as your solution has it. A regency occurs when a monarch is deemed incapable of carrying out his/her duties and they are taken over by a regent.Peter WrigleyBirstall, West Yorkshire Continue reading...
bbc.co.uk
B&M fined £2m over serious food hygiene failings at Birmingham shops
Mouse droppings and gnawed food are found after inspections at three stores in Birmingham.
theguardian.com
‘We were at their mercy’: inside the Amazon tactics that hiked prices across the internet
Internal emails revealed in court and interviews with ex-employees describe how Amazon’s practices drove up prices for competitors like Walmart and Target. Amazon denies price-fixing claims and says it works to lower costs for consumersA “modern leather” table lamp, listed online at Walmart, shot up from $24.99 to $39. The price of an air fryer on a retail site called Newegg went from $84.99 to $149.99.An electric ice-cream maker was listed at just $17.99 at Amazon and Best Buy. Then it became unavailable at Best Buy, and more than tripled in price to $59.99 at Amazon. Continue reading...
cnbc.com
OpenAI, Anthropic boost lobbying as legacy tech and defense spending slips
The two AI developers spent a combined $3.17 million in the second quarter, up 23% from the first three months of 2026.
bbc.co.uk
Three reasons why UK electricity prices are so high
The government has announced it will cut VAT on domestic electricity to zero but Britons still pay more for power than many other European nations.
theguardian.com
‘Pasta windows’: a charming Italian restaurant tradition – or the sign of a terrible tourist trap?
A woman ostentatiously making her own pasta in an eaterie in Florence or Rome might seem the height of authenticity. But travellers, beware ...Name: Pasta windows.Age: Pretty new. Continue reading...
theguardian.com
Delaware judge dismisses UnitedHealth Group lawsuit against the Guardian
Healthcare conglomerate pursued a defamation lawsuit against the Guardian over 2025 investigative reportingA state judge in Delaware has dismissed a defamation lawsuit brought against the Guardian by the UnitedHealth Group.Delaware superior court judge Calvin Scott’s ruling stemmed from a lawsuit that the US’s largest health insurance conglomerate pursued against the Guardian in May 2025 over an investigation by the outlet which reported that UnitedHealth secretly made payments to nursing homes to reduce hospital transfers for residents. Continue reading...
bbc.co.uk
Lindt's Easter chocolate sales fall after price hike
The Swiss chocolate maker adjusts its strategy in response to weaker demand after its price rises.
cnbc.com
Trump imposing 50% tariffs on certain Canadian goods over alleged trade discrimination
Canada's relationship with the U.S. has frayed amid Trump's tariff-heavy agenda and vocal displeasure with the nations' trilateral trade pact with Mexico.
bbc.co.uk
Ozempic-maker accuses rival of false advertising
Novo Nordisk has launched legal action accusing Eli Lilly of creating "misleading" ads, a claim its rival denies.
bbc.co.uk
Is the internet broken?
75% of the world is online, and in many ways it makes all our lives better. But faced with AI slop, misinformation and toxicity, many people are asking: Is there a better way?
theguardian.com
Spanish hotel chain ceases operations in Cuba under pressure from Washington
Meliá group says Donald Trump’s sanctions make it ‘impossible’ to keep any of its 34 sites openA Spanish hotel chain is to cease all operations in Cuba at the end of the week due to “major difficulties” in doing business on the island under growing pressure from Washington.The latest US sanctions make it “impossible, de facto and de jure, to maintain even minimal operational stability”, the Meliá group explained in a statement on Tuesday to the Spanish stock market regulator. Continue reading...
cnbc.com
Novo Nordisk sues Eli Lilly, alleging misleading GLP-1 advertising
Novo asked the court to permanently stop Lilly from running the "deceptive" ads and require the drugmaker to issue corrective advertising.
cnbc.com
As the U.S.-Iran war heats up again, these parts of the stock market and economy could be affected
Investors and economists are deliberating what the latest exchange in hostilities will mean for the broader economy.
bbc.co.uk
VAT to be cut from household electricity bills in October
Homes will save around £45 a year through the cut announced on Andy Burnham's first full day as prime minister.
cnbc.com
Samsung Electronics shares rise as robotics move highlights push into physical AI
Samsung Electronics shares rose as the company set up a robotics division in a push into physical AI.
bbc.co.uk
UK's first sugar factory at risk of closure
Over 100 jobs are at risk after British Sugar announced plans to shut one of its four factories.
theguardian.com
US claims of Cuba’s ‘unique threat’ jar with reality of hunger and blackouts
State department’s 100-page report is latest push in Trump administration campaign to bring down governmentThe US government’s latest allegations that Cuba is behind “many of the most significant upheavals in recent American political history” and that its leaders pose “a unique threat to American homeland security” have come as startling revelations to those living under the six-month-long US oil blockade in Havana, where desperate people search through piles of uncollected rubbish for food, or else swelter at home in 24-hour-plus blackouts.The unsigned 100-page report, Cuba: Capital of 21st-Century Communism, published by the US state department on Monday, blames Havana for everything from “the George Floyd riots to the rise of antifa to the explosion of pro-terrorist activism on American college campuses”. Continue reading...
theguardian.com
What will Andy Burnham’s VAT cut on electricity bills mean for you?
New prime minister is implementing immediate tax cut to help ease cost of living pressures for British householdsAndy Burnham to cut VAT on electricity bills as first cost of living moveHousehold electricity bills for people in Great Britain will not attract VAT for six months, under the first of a series of cost of living measures announced by the new prime minister, Andy Burnham. Continue reading...
bbc.co.uk
Ryanair broken window may have been caused by 'foreign object'
Passenger Ljubisa Karović was partially sucked out of a cabin window on the Boeing aircraft.
theguardian.com
‘Buy-cott’ boosts Memphis pizza shop after owner refuses to serve national guard
The city rallied behind Tamboli’s despite online boycott calls, as frustration grows over the Trump administration’s federal taskforce following multiple deathsYou can measure the disconnect between angry internet commentariat and real life Memphis residents by the length of the wait for a table at Tamboli’s Pasta & Pizza.In early July, Miles Tamboli, the owner of the midtown pizza spot, made a decision: he would not serve the national guard deployed to the city by the Trump administration, which the US president claimed would reduce the city’s crime rate. Tamboli’s video announcement came days after troops killed two city residents, bringing the total to four since the initiative started in September. Continue reading...
cnbc.com
U.S. strikes Iran and Houthis threaten Saudi Arabia shipping as mediators push 10-day ceasefire
The latest cycle of strikes comes amid reports that regional mediators have presented Washington and Tehran with a proposal for a 10-day ceasefire.
cnbc.com
All eyes are on John Healey, the UK's new finance minister. Here’s what’s at stake
J.P. Morgan boss Jamie Dimon, who backed Healey's predecessor, has waded into the U.K.'s political debate.
bbc.co.uk
UK borrows less than expected in June but public finances remain a challenge
Public finances for last month were better than expected but the UK is carrying major debt.
cnbc.com
CNBC's The China Connection newsletter: The AI consumer bet might surprise you
Investors are betting that how people spend their time and money will change dramatically due to artificial intelligence.
theguardian.com
Thames Water investors offer ‘golden share’ in bid to head off nationalisation
Move would give government veto over big decisions and hostile takeovers, after Burnham’s call for greater public controlNils Pratley: Burnham has forced greater clarity at Thames Water. Now he must chooseThe group of investors pursuing a rescue bid for Thames Water have offered the government a “golden share” in a last-ditch attempt to persuade Andy Burnham not to nationalise Britain’s biggest water company.London & Valley Water (L&VW), a consortium of 100 institutional investors that hold £17bn of the company’s £21bn debt, said it recognised the new prime minister wanted greater public control and to strengthen the accountability of the water company. Continue reading...
theguardian.com
What the EU wants from Andy Burnham
European leaders have made positive noises about the new UK PM, but he is likely to face the same restrictions as StarmerUK politics live – latest updatesAndy Burnham is unknown in Brussels, but that will soon change. In his schedule for the autumn is an EU-UK summit that may underscore the same dilemmas that have confronted previous British prime ministers in the relationship with Europe.EU leaders were quick to offer congratulations to Britain’s prime minister, the seventh since the 2016 Brexit referendum. The European Commission president, Ursula von der Leyen, said she looked forward to strengthening the EU-UK partnership “for the security of our shared continent” and “the prosperity of people on both sides of the Channel”. The German chancellor, Friedrich Merz, invited Burnham to visit Berlin “very soon”, noting that the UK and Germany’s “deep connection is particularly evident in these times”. Continue reading...
theguardian.com
‘No electricity, no water, no fuel’: Ukrainian drone strikes bring darkness to Crimea’s summer
Interviews with residents of Russian-held region point to frustration with Moscow as Ukrainian campaign to isolate it takes toll on daily lifeFirst, the guests stopped coming. As Ukrainian drones and missiles pounded Crimea throughout the spring and into the summer, Russian tourists began cancelling their bookings at the small guesthouse Marina runs in Yevpatoria, a resort town on the peninsula’s Black Sea coast.Then petrol became scarce, making it harder to stock the business with food and other essentials. Now, electricity and running water are cut off for much of the day, just as the summer heat sets in. Continue reading...
theguardian.com
How AI may drive union-resistant tech workers to the bargaining table
Tech workers are increasingly unionizing, trading Silicon Valley’s myth of exceptionalism for collective bargaining to contest the corporate deployment of artificial intelligenceFor decades, the technology industry was a fortress that labor unions couldn’t breach. Tech workers already had cushy compensation packages, dream benefits like unlimited vacation and free lunch, and a flat corporate hierarchy that made engineers feel as powerful as their bosses, all of whom dressed down in sneakers and hoodies. So why unionize?Now, that fortress is cracking from the inside. Unions have become increasingly popular for tech employees. After months of mass layoffs tied to artificial intelligence and mounting anxieties about how it’s being deployed, some tech workers say they’ve been saddled with higher workloads while facing the threat of job loss caused by the very products they’re building. Workers from Google DeepMind and Meta in the UK are also objecting to how their companies’ AI products are being used, such as for military purposes or to monitor employee productivity. Those same workers are now attempting to unionize. Continue reading...
bbc.co.uk
Thames Water lenders offer 'golden share' to head off nationalisation
The water supplier's lenders are trying to prevent the company from being taken over by the Burnham government
cnbc.com
Jamie Dimon says markets underestimate risks and he wouldn't buy stocks or Treasurys at current prices
Comments from JPMorgan Chase CEO Jamie Dimon contrast with investors' recent willingness to look past wars, tariffs and other shocks.
bbc.co.uk
What does an Andy Burnham-led government mean for your money?
The new PM says he will look at how much people can earn before paying tax but admitted changing it would be difficult.
cnbc.com
Iran says it attacked Amazon infrastructure in Bahrain
It's been 10 days since U.S. President Donald Trump declared the ceasefire with Iran "over." Here's what you need to know about the conflict.
theguardian.com
Mitie agrees £3.1bn takeover by OCS in blow to London stock market
Board of UK government contractor recommends deal with private-equity owned rivalBusiness live – latest updatesThe outsourcer Mitie has agreed to a £3.1bn takeover by its private-equity owned rival OCS Group, ending nearly four decades on the stock market and making it the latest London-listed company to be acquired this year.On Tuesday, the government contractor said its board has recommended that shareholders accept a cash offer of 221.6p a share, a 46.8% premium to Monday’s closing price. Continue reading...
cnbc.com
Opinion: Burnham is Britain's new prime minister. Now what?
The U.K.'s new prime minister faces a huge test when it comes to convincing the financial markets.
theguardian.com
Andy Burnham promised urgent action on the cost of living – the heat is now on chancellor John Healey to deliver it | Alfie Stirling
The PM and the new boss at the Treasury face an even trickier task than their predecessors. They need a good plan, and we have oneAlfie Stirling is an economist and director of policy at the Joseph Rowntree FoundationAs Keir Starmer found, it takes more than words alone to warm a tepid bath. Voters reserve the greatest punishment for the politicians they think acted too little, or too late, to prevent them getting poorer. For Andy Burnham, much will now depend on whether he has got the right ideas, and in John Healey the right chancellor, to address Britain’s growing affordability crisis: not least as the new prime minister sets out new measures today to give people “some breathing space”.Before Rachel Reeves took office, the average family was set to be worse off in 2029 than they had been in 2019. That’s not supposed to happen. The norm is for household incomes to rise by about £5,000 (2026 prices) every five years. Never before on modern record have they fallen across an entire decade.Alfie Stirling is an economist and director of policy at the Joseph Rowntree Foundation Continue reading...
bbc.co.uk
Minister pressed on electricity bills savings figures
The government says a typical home will save about £45 a year when VAT is cut from 5% to 0%.
theguardian.com
UK employers cut job vacancies as Burnham aims to lift living standards
Unemployment holds steady at 4.9%, underlining the challenge facing the new prime ministerBusiness live – latest updatesEmployers cut the number of job vacancies in June, according to official figures that highlight the UK’s “fragile” economic outlook amid the conflict in the Middle East.Job vacancies fell to 712,000 – almost half the level in 2022 – as employers put off hiring new staff in the three months to May, the Office for National Statistics said. Continue reading...
theguardian.com
JP Morgan boss warns of ‘consequences’ if Burnham taxes banks
Higher taxes on sector could threaten plan for £3bn headquarters in London, says Jamie DimonBusiness live – latest updatesThe boss of JP Morgan, Jamie Dimon, has warned Andy Burnham against raising tax charges on banks, suggesting it could threaten plans to build its £3bn headquarters in London and drive investment away from Britain.The chief executive of the world’s biggest bank, who has a track record of criticising the UK’s bank tax surcharge, does not want to see the UK’s new prime minister targeting the banking industry to raise extra revenue. Continue reading...
theguardian.com
Miliband has been relentlessly attacked for net zero; what will happen now?
Tories, Reform, fossil fuel industry and some in his party lined up against decarbonisation target as energy secretary“Whenever the Labour party feels a bit sad,” according to one close observer of the current government, speaking some months ago, “they wheel out Ed Miliband to talk about rooftop solar.”It might not have been literally true, but it often felt during Keir Starmer’s premiership as if energy secretary Miliband brought the sun. Unfailingly upbeat, with a simple message that was understandable to voters, he had a clear mission – to decarbonise the UK’s power sector by 2030 – that was seen to be progressing fast. Continue reading...
cnbc.com
India's largest asset management firm makes a muted market debut after a $1 billion IPO
SBI Funds Management, whose billion-dollar IPO garnered bids worth $31 billion, made a subdued debut with shares listing at a 7% premium.
cnbc.com
Abu Dhabi approves $6.2 billion gas project to boost UAE supply
Abu Dhabi's National Oil Company will invest $6.2 billion to develop the Umm Shaif Gas Cap to expand natural gas production and liquefied natural gas exports.
cnbc.com
CNBC Daily Open: Can he Healey the British economy?
Britain's new Prime Minister, Andy Burnham, names former Defense Secretary John Healey as Chancellor of the Exchequer in a suprise move.
theguardian.com
British Gas mixed up our energy meter – but now I’m being penalised
When the problem was finally sorted out in our new-build home, it increased my tariff by 19%Residents in our new housing development are being billed for each other’s energy after the meters were mixed up.I realised British Gas was sending bills for my energy to the developer of the estate instead of to me. I informed British Gas of my details when I moved in seven months ago. Continue reading...
bbc.co.uk
Dad facing difficult summer as food donations plunge
Food banks and community larders are warning of an uncertain future.
bbc.co.uk
Families skipping meals during holidays - charity
FareShare Sussex & Surrey says it is facing a "mountain" of need over the school holidays.
theguardian.com
Meta’s smartglasses mean any child can be covertly filmed. In the age of AI, how do we tackle that risk?
The company argues that it’s for individuals to ensure they don’t ‘actively exploit’ this technology. That won’t keep children safeIt took me a while to realise what the man sitting next to me on the train was doing. He was flicking through pictures of a little girl on his phone; zooming in on some, cropping the images. Hardly unusual, of course, except that on closer inspection the pictures were very clearly of the toddler sitting opposite us, playing with her parents. On a crowded train of people mostly staring obliviously at our own phones, a stranger had been covertly photographing that little girl over and over again. And if it hadn’t been for that very visible phone screen giving him away, he wouldn’t have been caught.That encounter was a while ago but my memory was jogged last week listening to a clip of Meta’s VP of wearables, Alex Himel, talk fondly to the BBC about using his new smartglasses to film his daughter singing in a talent contest. They let him capture the memory without having to watch her through a screen, he said, freeing him to be “kind of living in the moment, head up and hands free”. So far, so sweet. But what about the risk of creeps potentially using them to film other people’s daughters covertly, heads up and hands free? Meta’s smartglasses have a tiny flashing warning light on the frame to indicate when the wearer is recording, but the technology is still new enough that many people don’t think to look for it. And in the age of AI, stolen images of children matter. Taken in real life or scraped from the internet, they’re the raw material for generating realistic-looking child abuse material of the most extreme and disturbing kind. (If that sounds like a grim but ultimately fairly victimless crime, the Internet Watch Foundation warned in a recent report that AI-generated material risks fuelling sexual interest in children, normalising violence and increasing the risk of real-life offending.)Gaby Hinsliff is a Guardian columnistDo you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here. Continue reading...
cnbc.com
Inflation fears are back in the spotlight as the Middle East conflict keeps oil prices elevated, analysts say
Inflation fears are back in focus amid worries over escalating tensions between the U.S. and Iran in the Middle East conflict which has kept oil prices elevated
theguardian.com
Andy Burnham’s plans could bring the UK closer to Europe than he realises
The new PM’s priorities are domestic, but he will soon realise that closer engagement with the EU is a no-brainerWhat will European leaders make of Andy Burnham, the seventh UK prime minister they have had to deal with in a decade of chronic political instability in London unleashed by the fateful 2016 referendum vote to leave the European Union?The “king of the north” is largely an unknown quantity in continental Europe and has given priority to a domestic agenda of devolving powers to regions and cities and extending state control of vital industries rather than to foreign policy. He may initially spend less time on diplomacy than his predecessor, Keir Starmer, whom critics branded “never here Keir” for his frequent foreign travel to support Ukraine, build European and Nato defence ties and try to rein in Donald Trump’s wrecking instincts in transatlantic relations.Paul Taylor is a senior visiting fellow at the European Policy Centre Continue reading...
theguardian.com
‘A guy did a runner in a Jaguar’: the petrol theft scandal – and the garage owner struggling to stop it
Since the start of the Iran war in February, there has been a 23% rise in fuel theft, with more than £1.2m stolen from British forecourts each week. Why aren’t the police doing more to apprehend the culprits?A petrol station tucked away in the suburbs of Birmingham seems an unlikely place for a crime spree. But this garage has become a prime target for thieves. Some fuel runners are easy to spot, approaching the petrol pumps in face masks, but after a recent spate of fill-and-dashes by less conspicuous drivers, no motorist is beyond suspicion. “It could be anyone,” says Shailesh Parekh, who is on high alert, as always.The 62-year-old owns six forecourts across Birmingham, and today I’m visiting his station in Erdington, a residential area about five miles from the city centre. Parekh remembers a time when a motorist speeding off with an unpaid-for tank was rare. So much so, it would be the talk of the station for months. Those days are long gone. Now, it’s a weekly and sometimes daily occurrence. “In the last three years, it’s been very bad,” Parekh tells me from the back office, where a monitor beams CCTV images from every inch of the forecourt. Continue reading...
theguardian.com
Not enough water for UK’s datacentre plans, trade body says
Industry says government’s failure to address cooling demands means AI growth plans are ‘fatally flawed’The UK will not have enough water for future datacentres, the water industry has said in stark criticism of the government’s AI growth plans.Datacentres rely on large amounts of water to manage the heat generated by densely packed servers. Cooling towers, chillers and humidification systems make direct use of this water, with large volumes also consumed indirectly through high electrical power needs. Continue reading...
cnbc.com
U.S. condemns China's 'dangerous and aggressive' acts after Philippine sailor injured at disputed shoal
The flare-up came before Rubio is expected to visit Manila for meetings of Southeast Asian foreign ministers, with Chinese diplomat Wang Yi also in attendance.
theguardian.com
Burnham begins: what awaits the new PM? - podcast
Senior political correspondent Peter Walker and former No 10 press secretary Paul Harrison analyse Andy Burnham’s first day as PMOn Monday, Andy Burnham finally realised his long-held ambition to become prime minister. But what problems can he expect to confront now he’s in No 10?Former Downing Street press secretary Paul Harrison talks through the challenges of the office, from the awkward living arrangements to the even more awkward conversations with the president of the US. Continue reading...
bbc.co.uk
Why Andy Burnham will find it so tricky to unite Britain
Is there any common ground left?
bbc.co.uk
Craft and keyboard: The trainees mastering tech and age-old skills
Firms have to balance hi-tech and age-old skills when training up young workers.
bbc.co.uk
'I made £100,000 of TikTok sales in one day': The business of live shopping
Buying on social media livestreams is fast becoming regular consumer behaviour for many.
bbc.co.uk
The 20-somethings betting big on tech stocks
The BBC hears from people about the risks and rewards of investing in technology shares.
cnbc.com
Trump says Netanyahu won't be arrested in New York, pushing back on Mamdani
Israel's prime minister, Benjamin Netanyahu, is the target of an arrest warrant issued by the International Criminal Court related to the war on Gaza.
bbc.co.uk
Burnham has big ideas - but what will they cost?
Every tricky decision and trade off is being watched by the country and the markets at the same time
theguardian.com
Can Andy Burnham’s cabinet fix Britain? – podcast
The new prime minister has promised a ‘circuit breaker’ moment for the country, as he becomes the UK’s seventh leader since 2016. But will he be able to make the changes that are desperately needed? Pippa Crerar and Kiran Stacey look at how he will try to do things differently and who will be helping him in the cabinet Please keep sending your comments and questions to Pippa and Kiran at politicsweeklyuk@theguardian.com Continue reading...
bbc.co.uk
Thousands of websites taken down for illegal World Cup streams
More than 1,000 illegal streaming sites were shut down in the US during the tournament, with a similar amount blocked in Colombia.
bbc.co.uk
Paramount and Warner Bros mega merger paused by judge
US court temporarily stops Paramount and Warner Bros merging after 12 states launched legal action.
bbc.co.uk
Who is new chancellor John Healey? Labour veteran who quit as defence secretary
The former defence secretary is seen as a safe pair of hands - and is now in charge of the government's finances.
bbc.co.uk
Healey seen as 'safe pair of hands' as he is appointed chancellor
The BBC's Economics Editor Faisal Islam outlines the challenges facing the new chancellor.
cnbc.com
World Cup 2026 final in photos: Spain triumphs as football crowns a new champion
Spain reclaimed football's biggest prize on Sunday, defeating Argentina 1-0 after extra time in a tense World Cup final.
cnbc.com
AMD launches Helios, its first rack AI system to rival Nvidia, adding Microsoft as newest buyer
AMD is taking aim at Nvidia with Helios, its first AI rack system, and has landed Microsoft as a new customer, joining Meta, OpenAI and Oracle.
bbc.co.uk
West Africa signs off $25bn mega gas-pipeline plan
A 6,000km pipeline running along the Atlantic coast of 14 countries is to be built starting in 2028.
bbc.co.uk
AliExpress fined record €550m by EU for allowing sale of illegal goods
The Chinese retailer allowed unsafe toys and counterfeit clothes to be sold on its site, says the EU.
cnbc.com
Iran's Houthi allies declare maritime embargo against Saudi Arabia, escalating threat to oil market
The militants, in a statement carried by state news, accused the Saudis of laying an "aggressive siege" against them.
theguardian.com
‘My shirt was wringing’: National Express bus drivers speak out on 40C conditions
Drivers in West Midlands say buses ‘unbearable’ during heatwaves, raising employee and passenger safety fearsBus drivers in the West Midlands have spoken out about the “horrendous” working conditions they have experienced during heatwaves, which led to 40C temperatures in their cabs.The UK was hit by high temperatures and dry weather in three successive heatwaves, with temperatures topping 37C last month when the country recorded its hottest ever June day. Last week, the Met Office warned climate extremes were becoming the “new ‘normal’ for the UK”. Continue reading...
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South East Water hosepipe ban to affect 2.4 million people
South East Water says customers in Sussex, Surrey, Hampshire and Berkshire will face a ban.
cnbc.com
Voters wary of government ownership in companies as Trump administration takes equity stakes
About half of voters believe it isn't appropriate for the U.S. government to own stakes in companies, a new CNBC poll found.
theguardian.com
Andy Burnham pledges to address cost of living in first speech as UK PM - video
The new UK prime minister, Andy Burnham, has given his first speech after accepting the king's invitation to form a government. In his speech, he pledged to bring in a 10-year plan for Britain as well as planning to end rough sleeping, 'build a new economy' and address the cost of living crisis. 'I can do something to give people some breathing space now. I will set out some of those measures tomorrow, including how we pay for them,' he said Continue reading...
cnbc.com
'Give me my money back': South Korean traders' leveraged SK Hynix, Samsung bets unravel after sell-off
South Korean retail investors suffer heavy losses after Samsung and SK Hynix shares reverse sharply.
cnbc.com
TSMC is accelerating Arizona factory build-out to capitalize on AI 'megatrend,' CFO says
Speaking in an interview with CNBC, TSMC's Wendell Huang said the fresh investment comes on the back of robust customer demand.
bbc.co.uk
Ryanair profits drop as Iran war puts off passengers and lifts fuel costs
The Irish airline said oil prices had increased costs meanwhile Brent crude surpassed $90.
cnbc.com
Bezos backs CuspAI as startup teams up with Nvidia to hunt for chipmaking materials
CuspAI is part of a new wave of companies looking to use AI to solve challenges in the physical world.
bbc.co.uk
Jobs, borrowing and taxes: Andy Burnham's economic challenges
The person in charge of the country will change but the financial challenges remain the same.
theguardian.com
Why can’t Lifestyle & Mobility store show compassion after my loss?
I bought a wheelchair for my daughter, but she later died in hospital and the company refuses a refundI bought a £435 wheelchair for my disabled daughter from my local Lifestyle & Mobility store.She had been admitted to hospital for tests and I planned to use the chair to take her on outings when she was discharged. Continue reading...
bbc.co.uk
This farmer wanted to quit the cocaine industry - he couldn't
Colombians who grow cocaine's raw material bemoan a lack of support to help them switch crops.
bbc.co.uk
Are you a parent missing out on £27 a week? Here's how to check
Thousands of new parents fail to claim child benefit until it is too late to receive some of the money, HMRC says.
bbc.co.uk
My fitness tracker knew I was pregnant before I did
Ravika is one of hundreds of women who are noticing early pregnancy signs through the data on their fitness trackers.
theguardian.com
Rogue locksmiths prey on people’s anxieties | Letters
Chris Lohan was stung by a huge bill for a shoddy job. But Anna Bliss had a positive experience with a locksmith who helped her mumI was the victim of a locksmith scam after searching Google and booking through the website advertised at the top of the page (The scary rise of locksmith scams: ‘I was shut out with my baby – and charged £2,200 to get back in’, 15 July). A broken lock resulted in a £490 bill. I stupidly paid the man, then I checked on Amazon for the price of the lock he fitted – £15.I called the number advertised on Google to complain, but the chap who answered said he knew nothing about the guy who had come to our place. By then I was realising that he was involved – as well as denying accountability, they probably worked the scam together. The guy that came to mine also left a number, which I called, but it was ignored, and I eventually gave up. Continue reading...
theguardian.com
After fixing its engine problems, Rolls-Royce is turning to its next big challenge
The aerospace giant is seeking UK government support for its re-entry into the huge narrowbody jet marketIn a 100-year-old hangar at Rolls-Royce’s factory in Derby, aircraft engines lie on their noses as technicians strip them down after a couple of years circling the world.Cranes lift and flip the engines, before engineers separate different modules to be cleaned, treated in acid baths if necessary, repaired or replaced. The acrid smell of kerosene signals the part of the factory where engineers handle the metre-diameter core of the engine, in which fuel and air combine at high pressure to drive the turbines and propel 200-tonne planes through the air. Continue reading...
theguardian.com
Here be dragons: does moving power to the north work?
Andy Burnham’s recent promise to create a ‘No 10 North’ echoes BBC’s successful Out of London planWhen the BBC first announced its intention to move a significant chunk of its operation to Salford in Greater Manchester – the “Out of London” plan, as the then director general Mark Thompson called it in 2004, with a faint “here be dragons” whiff – there were plenty in the organisation who were scornful that it could ever work.Senior staff would never leave the capital. Star talent wouldn’t dream of travelling. It “didn’t take a brain surgeon”, said the Breakfast presenter and Strictly Come Dancing winner Chris Hollins, to see that the prime minister would never appear in person. Continue reading...
bbc.co.uk
Money Box
Call for help for people on low incomes who must now wait longer for their state pension.
bbc.co.uk
Why women should speak openly about money
Emma joins Nuala McGovern to discuss her book Start With Yourself: A New Vision for Work and Life.
theguardian.com
How Burnham’s team could reshape the Bank of England
Taking a fresh look at the Bank’s role would send a strong signal that a Burnham government is prepared to do things differentlyWhen Louise Haigh – then a lowly backbencher – wrote a policy prospectus for the leftwing Renewal journal back in May, it contained a little-noticed nugget: a rethink of the Bank of England’s mandate.Haigh, who quit as transport secretary in 2024 after it emerged she had been convicted of fraud over a missing work phone, is back in frontline politics as a linchpin of Andy Burnham’s operation. Economists are now asking whether the Bank, and the mandate it gets from the chancellor to solely target stable prices, will be in the new administration’s sights. Continue reading...
bbc.co.uk
Is tracking your food purchases good for your health?
Food tracking apps are popular, but are they a good way to make us eat a healthier diet?
bbc.co.uk
New era for Gibraltar with removal of 118-year-old border controls with Spain
It is hoped that free movement between the UK territory and Spain will provide an economic boost.
bbc.co.uk
Wealthy AI workers send San Francisco house prices soaring
The median cost of a home in the city is now $1.7m, a record high, according to the latest figures.
bbc.co.uk
Robots available for rent: But what can they do?
Robotics tech is changing fast, so for many it makes sense to rent a robot.
bbc.co.uk
AI is 'not smart' so what's next in artificial intelligence?
Leading AI researcher Yan LeCun has a start-up which is developing a more flexible AI system.
bbc.co.uk
Why is crucial tech vulnerable to the heat?
Energy grids and train services are among the vital services that are vulnerable to very hot weather.
bbc.co.uk
Why Gen Z are planning for life without a state pension
Many younger people do not believe the state pension will exist when they are older
bbc.co.uk
The furious dispute over what caused Air India flight 171 to crash
The final conclusions of the investigation have yet to be published, although more could become apparent in the coming days.
bbc.co.uk
How the High Street became a window on our political instability
High Streets have declined in recent years. What does this tell us about the UK?
bbc.co.uk
The £5 coffee that tells a story of global economic turmoil
Coffees at some city centre outlets now cost £5. It's a story of tariffs, the climate, Gen Z cultural tastes, and savvy coffee farmers playing the market, writes Faisal Islam
bbc.co.uk
The threat to summer holidays looming from jet fuel shortages
What impact might shortages have on our summer holidays - and what could be done about it?
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